2011 BGN to TND Historical Review

YEARLY HIGH

1.0230 TND

YEARLY LOW

0.9676 TND

YEARLY AVERAGE

1.0005 TND

2011 BGN to TND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the BGN to TND exchange rate experienced significant fluctuation. The market reached its absolute peak on April 29, valuing the pair at 1.0230. Conversely, the yearly low was recorded on January 2, dropping to 0.9676.

This high-to-low spread represents a total annual volatility of 0.0555 TND. From a start-to-finish perspective, comparing the January average rate of 0.9806 to the December average rate of 0.9983, the exchange rate registered a net change of 1.81% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.0230 was up 2.18% compared to the 2010 peak of 1.0012, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 BGN based on timing:

Yearly Peak High 5,115 TND

2010 Average 4,849 TND

Yearly Trough Low 4,838 TND

Transaction Impact: A difference of 277.31 TND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.0150

0.9774

JanuMarcMayJulySeptNove

BGN to TND Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.9997, compared to 1.0012 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0014 points.

H1 Avg (Jan–Jun) 0.9997

H2 Avg (Jul–Dec) 1.0012

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.0313 TND (High: 1.0110 / Low: 0.9797). On the other end, February was the most stable month, with a tight range of 0.0120 TND (High: 0.9946 / Low: 0.9826).

October Spread (Volatile) ±0.0313

February Spread (Stable) ±0.0120

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0106 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0106

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2011: 1.0119) against the same month in 2010 (average: 0.9668), the exchange rate shifted by +0.0451 (+4.66%).

2011 Avg (April) 1.0119

2010 Avg (April) 0.9668

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9930	0.9676	0.9806
February	0.9946	0.9826	0.9890
March	1.0049	0.9906	0.9977
April	1.0230	1.0020	1.0119
May	1.0230	1.0015	1.0110
June	1.0147	0.9958	1.0083
July	1.0138	0.9975	1.0060
August	1.0125	0.9984	1.0070
September	1.0077	0.9857	0.9964
October	1.0110	0.9797	0.9961
November	1.0154	0.9955	1.0033
December	1.0113	0.9868	0.9983